Usha Resources Ltd · TSXV:USHA
Usha Resources — Investor Presentation (November 2023)
18 slides from Usha Resources's investor presentation, Nov 9, 2023
Slide 1: Investor Presentation November 2023
Canadian junior exploration company focused on exploring and advancing early stage high-grade battery metal projects across North America. INVESTOR PRESENTATION November 2023 TSX.V: USHA | OTCQB: USHAF | FSE: JO0 21
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation and the information contained herein (the “Presentation”) has been prepared by Usha Resources Ltd. (“Usha” or the “Company”) for the use of prospective investors for the purpose of evaluating a potential investment in securities of Usha. This Presentation
Slide 3: Why Invest in Usha Resources? Investment Highlights
Why Invest in Usha Resources? Investment Highlights Flagship Asset – Jackpot Lake Significant Ontario Hard Rock Lithium Portfolio ▪ 7 projects covering over 50,000 ha of highly prospective tenure ▪ 3,526 ha, sole owner of claims within basin ▪ Located adjacent to multiple resources and discoveries ▪
Slide 4: Corporate Overview
Corporate Overview Corporate Details Management Team 58.06M $4.35M Deepak Varshney Andrew Tims P.Geo. - CEO & Director P.Geo. - Qualified Professional SHARES ON ISSUE MARKET CAP Over 15 years of experience in the capital markets Exploration geologist with over 30 years of TSX-V: USHA At C$0.075/sh a
Slide 5: Jackpot Lake Lithium Brine
Jackpot Lake Lithium Brine ▶ Maiden drill program underway with the goal of defining a 43-101 resource with as few as 2 holes ▶ JP22-01 and JP22-02, advanced up to ~1,800 ft, ~2.75 km apart, consistent stratigraphy ▶ Drilling to-date provides support for a similar geologic setting to that of Clayton
Slide 6: Jackpot Lake – Historical Summary
Jackpot Lake – Historical Summary ▶ Project target is a strong conductive geophysical anomaly identified through gravity and controlled source audio magnetotellurics/ magnetotellurics (CSAMT/MT) surveys ▶ Gravity surveys indicated that the target is within a closed basin, critical for ensuring lithi
Slide 7: Jackpot Lake – Drilling Summary
Jackpot Lake – Drilling Summary ▶ 2 holes, JP22-01 and JP22-02, advanced up to ~1,800 ft, ~2.75 km apart ▶ Stratigraphy is generally consistent and comprises lacustrine sediments (clays, silts) overlaying a zone of sand and conglomerate ▶ Shallow soils (<500 ft) confirmed to be enriched and present
Slide 8: Ontario Pegmatite Portfolio
Ontario Pegmatite Portfolio ▶ 7 projects, ~50,000 ha, 3-year options ▶ White Willow, ~20,000 ha, analogous to Seymour Lake, ~25km+ strike, 14.6% Ta2O5; Li2O has assayed up to ~0.5% ▶ Triangle and Gathering Lake, 8,938 ha, ~10 km east of Rocktech’s Georgia Lake Deposit, 10.6Mt indicated @ ~0.88% Li2O
Slide 9: White Willow
White Willow ▶ ~20,000 ha, 170 km west of Thunder Bay, Ontario. Adjacent to Highway 11 with logging roads throughout, main power transmission line runs through the property ▶ Located within “Goldilocks” zone of the metasedimentary Quetico subprovince, 6 km from the fault; subprovince is host to a nu
Slide 10: White Willow
White Willow ▶ Bingo Highlights ▪ ~2 km field open in both directions; there are two large pegmatites within the field that are on trend with one another. The pegmatites outcrop 600 and 450 metres in length, respectively, and are up to 75 metres in width. If connected, they would form a single large
Slide 11: White Willow
White Willow ▶ Assay highlights: ▪ 0.5% Li2O, 93 samples are very anomalous >300 ppm of which 13 samples are >1,000 ppm including a sample of the host rock which assayed 1,300 ppm indicating significant lithium-rich fluids present within the system ▪ 1,730 ppm Cs, 95 samples are very anomalous >100
Slide 12: Gathering Lake & Triangle Lake
Gathering Lake & Triangle Lake ▶ 8,938 ha collectively within the prolific Georgia Lake pegmatite field, ~8km east of Rock Tech Lithium's Georgia Lake Deposit, which hosts a 10.6 Mt indicated resource at 0.88% Li2O and 4.22 Mt inferred resource at 1.04% Li2O, and within a trend of known lithium occu
Slide 13: Lee Lake
Lee Lake ▶ 2,476 ha adjacent to the west of GT1's Seymour Lake Claims ▶ 10 km NW of the Seymour Lake Project 9.9 Mt at 1.04% Li2O ▶ Lee Lake is within the same greenstone belt that is host to Seymour Lake and adjacent to an area of priority exploration for GT1 in 2023 ▶ Shares many of the same struc
Slide 14: Bluett / Mead
Bluett / Mead Bluett ▶ 993 ha adjacent to Critical Resources Ltd’s (ASX:CRR) Mavis Lake Project which hosts a 8 Mt resource at 1.07% Li2O on about 460 ha ▶ Confirmed to have pegmatite dykes in both drill core and outcrops ▶ Located along a major subprovince boundary, demonstrating strong potential t
Slide 15: Upcoming Milestones
Upcoming Milestones Whilst we are always reviewing our trajectory, we anticipate the following milestones over the next 6 months Q4 2023 Q1 2024 Completion of Phase 3 Program at White Willow Maiden Drilling White Willow Q3 2023 Q1 2024 Q2 2024 Commencement of ASX Listing Completion of Listing, Comme
Slide 16: Progressive ESG
Progressive ESG Environment Our mission is to conduct mineral exploration ▪ ECOLOGO certification is currently underway demonstrating our commitment to responsible exploration activities in an ▪ The Company is working on a sustainable development policy environmentally, socially and economically ▪ W
Slide 17: Summary
Summary WELL FUNDED ~$1.8M+ working capital provides ample runway to WELL STRUCTURED execute programs at each of the Company’s projects ~58M shares outstanding, with ~65% of which are held by insiders, management, and strategic shareholders WELL MANAGED Collectively, management has over 150 years of
Slide 18: Contact Us
CONTACT US Deepak Varshney, P.Geo. CEO dvarshney@usharesources.com Follow our Journey! TSX.V: USHA | OTCQB: USHAF | FSE: JO0 https://usharesources.com/
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